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    12510 116th St Fishers, IN 46037-8907
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    12510 116th St Fishers, IN 46037-8907

    View on Map
    • Turn key restaurants
    • 2,193 SF
    • 0.07 lot acres
    Off-Market
    Property ID
    US31-0876127
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • HotBox Pizza / Restaurant

    Property Details for 12510 116th St

    Year built
    2004
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    2,193 SF
    Property type
    Turn key restaurants
    APN
    29-11-34-021-002.000-020
    APU
    291134021002000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fishers
    County
    Hamilton
    State
    Indiana
    Longitude
    -85.9417
    Latitude
    39.9583
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,990
    $131,000
    $330,000
    $461,000
    -
    $131,000
    $330,000
    $461,000

    Comparable in this City

    • Value Estimation
      $775,000
      4,554 SF

      9750 By Ne Blvd

      RESTAURANT • 4,554 SF
      9750 By Ne Blvd, Fishers, IN 46037-9783
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    • Value Estimation
      $790,000
      6,208 SF

      13868 116th St

      RESTAURANT • 6,208 SF
      13868 116th St, Fishers, IN 46037-9721
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    • Value Estimation
      $1,125,000
      9,414 SF

      9770 By Ne Blvd

      RESTAURANT • 9,414 SF
      9770 By Ne Blvd, Fishers, IN 46037-9783
      View Details
    • Value Estimation
      $920,000
      5,112 SF

      8310 96th St

      RESTAURANT • 5,112 SF
      8310 96th St, Fishers, IN 46037-9795
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    • Value Estimation
      $1,330,000
      8,886 SF

      9709 116th St

      RESTAURANT • 8,886 SF
      9709 116th St, Fishers, IN 46037-2822
      View Details
    • Value Estimation
      $575,000
      2,036 SF

      13701 116th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,036 SF
      13701 116th St, Fishers, IN 46037-7604
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on 96th Street

      1.09-acre commercial land available for sale, drive-thru allowed.
      8766 E 96Th St, Fishers, IN 46037
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      29,984 SF

      Fully Occupied Strip Center For Sale

      29,984 SF strip center with a 9.6 year WALT.
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      15,676 SF

      New Retail Investment Opportunity

      New retail center in Fishers, Indiana, fully leased.
      8711 E 106Th St, Fishers, IN 46037
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    • $299,000
      0.50 Acres

      Residential Lots in Fishers Geist

      Cleared, build-ready residential lots with no HOA restrictions.
      10990 Brks School Rd, Fishers, IN 46037
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    • Contact for pricing

      Commercial Outlot on 96th Street

      1.09-acre outlot available for sale or lease in Fishers, Indiana.
      8764-8768 E 96Th St, Fishers, IN 46037
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    • Contact for pricing
      7,100 SF

      Office Flex Building For Sale

      Office flex building with immediate occupancy in prime location.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Fishers, Indiana.
      9708 116Th St, Fishers, IN 46037
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space in Fishers, IN

      Retail space available for rent in Fishers, Indiana.
      9774-9778 E 116Th St, Fishers, IN 46037
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Fishers, Indiana.
      11752 Cumberland Rd, Fishers, IN 46037
      View Details
    • Contact for pricing

      Prime Retail Hub Opportunity

      Retail spaces available in a high-traffic Fishers location.
      8766 East 96Th St, Fishers, IN 46037
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    • Contact for pricing
      2,000 SF

      Retail Space in Prominent Center

      Retail spaces available in shopping center with strong co-tenancy.
      8510 E 96Th St, Fishers, IN 46037
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    • Contact for pricing

      Prime Retail Space in Fishers

      1,600 SF retail space near 96th Street and I-69.
      8884 Fitness Ln, Fishers, IN 46037
      View Details
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    Fishers, IN 46037-8907
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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